Patel Retail IPO

About Patel Retail IPO

Patel Retail IPO is a book-built issue worth ₹242.76 crore. The offering comprises a fresh issue of 0.85 crore shares aggregating to ₹217.21 crore and an offer for sale of 0.10 crore shares aggregating to ₹25.55 crore. The subscription period opens on August 19, 2025, and closes on August 21, 2025.

The basis of allotment is expected to be finalised on August 22, 2025, with the tentative listing date set for August 26, 2025, on both BSE and NSE. The IPO price band is fixed between ₹237 and ₹255 per share. The lot size is 58 shares, requiring a minimum retail investment of ₹13,746.

For small non-institutional investors (sNII), the lot size is 14 lots (812 shares) amounting to ₹2,07,060, while for big non-institutional investors (bNII), it is 68 lots (3,944 shares) amounting to ₹10,05,720.

Fedex Securities Private Limited is the book-running lead manager for the issue, and Bigshare Services Private Limited is acting as the registrar. For comprehensive details, the Patel Retail IPO Red Herring Prospectus (RHP) should be referred to before making investment decisions.

Industry Outlook

1. The Indian retail market is expected to grow from USD 1,300 billion in 2025 to USD 1,890 billion by 2030, driven by rising incomes, urbanisation, and modern trade expansion.
2. Organised retail, currently at 12%-15% share, is projected to rise steadily, supported by digital adoption, improved infrastructure, and expansion into tier 2 and tier 3 cities.
3. The food and grocery segment, contributing 63% of the retail market, is projected to grow at a 10% CAGR between 2022 and 2030, with increasing demand for premium, hygienic, and convenient food products.

Patel Retail IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. The company plans to use the funds to repay or prepay certain borrowings to reduce debt and improve financial stability.
2. A portion of the proceeds will be used to meet the working capital needs for smooth daily operations.
3. The issue will also support general corporate purposes, helping with business efficiency and growth.

About Patel Retail Limited

Patel Retail Limited is a supermarket chain focused on value retail, primarily operating in tier-III cities and nearby suburban areas. Established in 2008 with its first store in Ambernath, Maharashtra, the company has expanded to 43 stores as of May 31, 2025, covering a retail business area of approximately 1,78,946 sq. ft.

Operations are concentrated in the suburban regions of Thane and Raigad districts, catering to lower-middle, middle, and aspiring upper-middle-class customers. The company offers over 10,000 product SKUs across 38 categories, including food, non-food (FMCG), general merchandise, and apparel.

Private label brands such as “Patel Fresh,” “Indian Chaska,” “Blue Nation,” and “Patel Essentials” form a key part of its product portfolio, covering items like pulses, spices, ready-to-cook mixes, and apparel. These products are processed, packaged, and quality-checked at facilities in Maharashtra and Gujarat, including a large agri-processing cluster with production, cold storage, and research facilities.

Patel Retail also exports staples, groceries, pulses, spices, and pulps to over 35 countries while engaging in domestic and export trading of FMCG goods, household items, and agricultural commodities. Its stores are strategically located in densely populated residential areas, offering competitive prices, convenience, and a one-stop shopping experience.

Following a cluster-focused expansion strategy, the company plans to strengthen its presence in the western suburbs of the Mumbai Metropolitan Region and expand into Pune. Its combination of modern retail formats, local market knowledge, and supply chain efficiency positions it strongly within the growing organised retail sector.

How To Check the Allotment Status of Patel Retail IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Patel Retail IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Patel Retail IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Patel Retail IPO

Registered office: Plot No. M-2, Anand Nagar, Additional MIDC, Ambernath (East)-421506, Ambernath, Maharashtra, India

Phone: +91 7391043825

E-mail: cs@patelrpl.net 

Patel Retail IPO Reservation

Patel Retail IPO Investor Category Reservations

Patel Retail IPO Lot Size

Patel Retail IPO Promoter Holding

The promoters of the company include Dhanji Raghavji Patel, Bechar Raghavji Patel, Hiren Bechar Patel and Rahul Dhanji Patel.

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Key Performance Indicators for Patel Retail IPO

Patel Retail IPO Prospectus

• Patel Retail IPODRHP
• Patel Retail IPO RHP

Patel Retail IPO Registrar and Lead Managers

Patel Retail IPO Lead Managers

• Fedex Securities Private Limited

Registrar for Patel Retail IPO

Bigshare Services Private Limited

• Contact Number: +91-22-6263 8200
• Email Address: ipo@bigshareonline.com

Patel Retail IPO Registrar